With a(n) term option, you can continue your existing term insurance coverage for another term.
Question
With a(n) term option, you can continue your existing term insurance coverage for another term.
Solution
With a renewable term option, you can continue your existing term insurance coverage for another term. This means that at the end of your current term, you have the option to renew your policy for another term without having to undergo a new medical examination or provide evidence of insurability. However, it's important to note that your premiums may increase each time you renew your policy, as they will be based on your age at the time of renewal.
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